BILL Holdings Inc. (BILL) saw its stock plunge 29.01% in after-hours trading on Thursday, following the release of its fiscal Q2 earnings report.

While the company reported better-than-expected non-GAAP earnings per share (EPS) of $0.56 and revenue of $362.6 million for the quarter, it was the guidance for the upcoming periods that seemed to disappoint investors.

BILL provided a disappointing outlook, with its Q3 revenue guidance of $352.5 million to $357.5 million falling short of analyst expectations of $360.3 million. Additionally, the company's fiscal 2025 non-GAAP EPS guidance range of $1.87 to $1.97 and revenue guidance range of $1.45 billion to $1.47 billion were both below analyst estimates of $1.79 and $1.46 billion, respectively.